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Tuesday 27 August 2013

TODAY COMMODITY MARKET STRATEGY


             (...............(Dear All)..................)

BASE METAL WRAP:

Copper fell for the first time in three days as a bigger
-than-expected drop in U.S. durable-goods orders stoked
concern demand in the world’s second-biggest user will
slow and as tensions mounted in the Middle East.

ENERGY WRAP:

West Texas Intermediate rose for the third time in four
days after the U.S. said it will hold the Syrian government
accountable for the use of chemical weapons, fanning concern
that unrest may disrupt crude supplies.

PRECIOUS METAL WRAP:

Gold retreated from the highest level in more than two months
amid signs of weaker physical demand in China, and after a
technical indicator signaled that prices may be poised to
decline. Silver and platinum fell.

GLOBAL EVENTS TO WATCH:

German Ifo Business Climate, S&P/CS Composite-20 HPI y/y,
CB Consumer Confidence, Richmond Manufacturing Index.


 .....CS CLOSING BELL.........

NIFTY SPOT DOWN 177@5299
SENSEX DOWN 552@18005
BANK NIFTY FUTURES DOWN 498 @8857
HAVE NICE DAY
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